Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.6240954 |
details, prediction |
Ethereum
ETH
|
0.6133233 |
details, prediction |
Ethereum Classic
ETC
|
0.58870494 |
details, prediction |
Monero
XMR
|
0.58480227 |
details, prediction |
Cardano
ADA
|
0.5739107 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.63232 |
details, prediction |
Bitcoin Gold
BTG
|
0.6307484 |
details, prediction |
EOS
EOS
|
0.62825143 |
details, prediction |
NEO
NEO
|
0.6096904 |
details, prediction |
DigiByte
DGB
|
0.60961425 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.9093867 |
details, prediction |
SyncFab
MFG
|
0.7821883 |
details, prediction |
SIX
SIX
|
0.76714694 |
details, prediction |
Credit Tag Chain
CTC
|
0.7630236 |
details, prediction |
SmartMesh
SMT
|
0.65271854 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EverGreenCoin price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of EverGreenCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.13880102 |
details, prediction |
ChainLink
LINK
|
0.44303432 |
details, prediction |
XRP
XRP
|
0.4719481 |
details, prediction |
Dogecoin
DOGE
|
0.50850576 |
details, prediction |
Maker
MKR
|
0.5188363 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.53297126 |
details, prediction |
BitTorrent
BTT
|
-0.2630506 |
details, prediction |
True USD
TUSD
|
-0.19653295 |
details, prediction |
Paxos Standard
PAX
|
-0.16185524 |
details, prediction |
USD//Coin
USDC
|
-0.14958705 |
details, prediction |
|
Third tier
|
Modum
MOD
|
-0.6359172 |
details, prediction |
Nasdacoin
NSD
|
-0.5752954 |
details, prediction |
Dreamscape
DSC
|
-0.5713609 |
details, prediction |
HEROcoin
PLAY
|
-0.5709776 |
details, prediction |
BABB
BAX
|
-0.5366139 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)